From Blueprint to Reality 2026

Investment in industrial transition has flatlined Over the past three years, investment in energy efficiency and electrification for end use has remained broadly flat, with capital mostly deployed for “buildings” and “transportation”, according to International Energy Agency (IEA) analysis.12 By contrast, investment for “industry” has averaged around $50 billion annually (see Figure 3).13, 14 BloombergNEF analysis further indicates that, aside from a significant spike of $75 billion in 2023 largely driven by a surge in commitments for clean steel projects, total investment into the broader “clean industry economy” has averaged just $32 billion per year since 2020 (see Figure 4).15,16 050100150250350450550650 2023626 35122947 Industry Transport Buildings202000427 2889445 2021549 32917149 2022639 37021851 2024642 342248520%Global investment in energy efficiency, electrification and renewables for end uses, by sector ($ billion)FIGURE 3 Source: International Energy Agency.17 From Blueprint to Reality: A Stronger Business Case for Shared Energy Infrastructure 8